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Rate increase possibility raises bank stocks

Bank stocks advanced Tuesday after Federal Reserve Chairwoman Janet Yellen said the FOMC could raise rates after next month's meeting. Of the top 10 bank stocks in the S&P 500, all but Citigroup and Fifth Third Bancorp hit 52-week highs.

The S&P 500 banking sector subindex also moved to a 52-week high and is up 5.1% year-to-date. Bank of America leads the sector in 2017 with a. 8.9% return and is up 43% since the end of 2015. Shares of PNC had the largest swing in dollar terms, reaching a high of $168.22 per share on Tuesday from a low of $102.55 last February.